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20130101
20130131
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Search Results 0 to 20 of about 21 (some duplicates have been removed)
>> right now, the european union is in distress. what would a failed euro mean for the e.u. or for its largest trading partner, the u.s.? >> the '08/'09 financial panic/crash/great recession put tremendous economic financial pressure on the entire global economy, including europe. >> in the same way in which the collapse of lehman implied global shocks, a dissolve in the situation of the eurozone is going to impact the united states. >> while everyone is telling the germans, "bail these guys out now," the germans are saying, "if we're gonna bail them out, we wanna fix the political crisis." >> at the end of the day, europe and the eurozone face an existential question: can we become the united states of europe? >> in a democracy, agreement is not essential, but participation is. >> never before in our history have we been so interconnected with the rest of the world. >> foreign policy is actually not foreign. >> america has faced great hardship before and each time we have risen to the challenge. >> the ultimate test is to move our society from where it is to where it has n
to replenish endangered fish stocks by setting limits on how much each eu state can catch of what kind of fish, but there's fierce debate over those quotas every year, and there are some types of fish that are not covered by fishing regulations at all -- scallops, for example. the eu says that since shellfish do not migrate, it is up to countries like britain and france to decide for themselves what is sustainable, but now it seems a scallop war is brewing in the english channel of mid resentment over who fishes what and where. >> this coastal town in southwest england has been provided for by fishing. out at sea, the crew of this trawler had a confrontation with french fisherman staking a claim to the scallop beds. captain smith was quite shaken by the experience. >> especially monday morning, 8:00, it all kicked off. i was woken up to be told we were surrounded by french trawlers. it was definitely a premeditated attack. >> the french fisherman film the altercation -- the french fishermen. in total, 40 french trawlers surrounded the five british ones. the standoff threatens to tear out of co
for the river and an island for the city. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking f ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially sml and medium-ze cpani. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are another weapon i
a poll in frons show those in the uk would prefer to leave the eu. we are waiting on the results from italy's latest debt auction. it will be two years of a zero coupon and five years of an italian linked paper. we'll get the results coming up in just a moment. here is a check of the european markets. we have seen them particular to the upside. now with the exception of spain trying to fight back into the green this morning, bolstered basically by the general risk on attitude. perhaps some of the credit flows, some of the equity fund flows boosting stock markets around the world. here is a look at who is leading the index this morning. onte paschi is on the top of the board, up 6.35%. today it's continued to snap back on hopes of.continued investor returnings. asml, elements which help make computer chips is up about 4%. it has been upgraded. it's viewed as a winner here in the mobile phone wars as more continue to shift to that market. sbm offshore, peugeot, tnt express towards top of the pack. at the bottom, it's a different story. down 3.5% o a downgrade, some other companies there
no interest. >> for the eu, the imf, and the european central bank, which have lone cypress billions of years, it is clear the waste and corruption in the country must end -- which have loaned cypress billions of euros. the troika is also calling for more regulation of credit policies. they say the banks lord separate into taking out dodgy loans. >> one of the factors that contributed to this excess of liquidity in the separate banking sector is the attraction of foreign deposits. at this point in time, the total amount of foreign deposits is more than 21 billion euros, more than gdp. >> most of the money came from russian investors. tens of thousands of them have made cypress their second home. in germany's federal intelligence service, a to says most of their accounts contain laundered money. the cypriot government denies that. now the country is hoping newly discovered gas reserves off the coast will help pay back credit from the eu in a relatively short time. the first contract with energy companies have been signed. while billions are being spent to bail out the banks, many indebted fami
his criticism of eu integration at the world economic forum in davos. >> gender equality in the united states -- the pentagon lifts its ban on women in front line and combat roles. >> on the chopping block, germany's second-largest bank plans to fire up to 10% of its work force. the european union is at a crossroads, and the british prime minister, david cameron, says if the blockheads towards the centralized political union, then it is not for him and not for britain. >> german chancellor angela merkel has chosen her words very carefully, responding at the world economic forum in davos by voicing conditional optimism as far as europe's future goes. she says that patience is needed for structural reforms to take effect. >> she has also called for more regulation of the finance industry to avoid more turbulence, a point of contention with britain. both agree that competitiveness is the key, but how to go about that is the big question. >> david cameron brought his message with him to the swiss alps. in his address to the world leaders in doubles, he repeated his demands for big changes
. >> the e you cannot help. energy policies are partly made on the eu level, but the construction of power lines is subject to national law. this is why the czech energy ministry is unhappy. >> it is very hard to make progress here, to get it except that the approval of new power lines has to be subordinated to pan-european interests. at least when it is a matter of grids, that would affect all of europe. politically, that is hardly conceivable right now, and we will never achieve a new european infrastructure this way. >> it is european regionalism -- when the wind blows in germany, the lines will keep running hot in the czech republic, so the czech republic is investing some 100 million euros to install phase shifters on the german border. they regulate the current. then, when too much current surges over from germany, the chip grid can simply turn it off, even if that blows some fuses in germany. >> 2013 is a so-called super election-year in austria, meaning that voters will go to the polls several times. regional parliaments are due to be elected in four of the country's states this sp
in schools. and ireland -- why deserters had to wait decades to be pardoned. eu leaders met to discuss how much solidarity they were prepared to show with the weakest members of the eurozone. in the end, the you chose not to abandon them, but greece continues to have to make drastic cuts, leaving marks that are visible throughout the country, including a long one of the world's most famous routes -- along one of the world's most famous routes. ♪ >> at precisely 42,195 meters long, this is the route that has become the standard for all marathon runners. the course was inspired by a 2500-year old myth, only today it is run on asphalt along with the capital's main roads. this is the bay where it said the legendary battle took place in 490 bc. it marked the first greek victory over the persians. according to legend, the athenian warriors gathered in a phalanx formation and managed to fight off a persian invasion. then a messenger ran the 42- kilometer distance to athens with news of the victory. at the local museum, the marathon's legacy is omnipresent. more modern-day hellenistic heroes hav
, but the eu says the onus is of the industry to work on a solution. >> they need to address the accusations made by agricultural scientists. there will be another round table on thursday, and we will consider what measure we need to take. >> the european consumer affairs commissioner is opposed to a band. in spite of the dangers presented. to help new methods can be developed that do not rely on pesticides. they may be more expensive, but without bees, farmers will not be able to pollinate their crops. >> well, that's it from us. we'll be back on the hour in an hour. >> thanks for staying with us. captioned by the national captioning institute --www.ncicap.org--
, the eu debt crisis and superstorm sandy are expected to top issues. take a look at shares this morning. before the report, they're down .75% in frankfurt. so trailing the 34k9. they have been roughly flat over the last few months. james is a huge fan of werings season. you're so excited about this one, i know. >> i live for the wering hes season. you could spend almost your entire time -- >> there's only about three months of the year when you're not engaged in looking at earnings. >> ask you're probably on holiday. >> and are we too focused on werings season? >> samsung, earnings results up, share price down. if you think earnings is relative for share price performance, it isn't. we're talking about the reporting season rather than the underlying earnings. >> they have quite a lot of leeway. they've given guidance to the analysts about what those earnings might look like in the near term. all the analysts are pawing at the results. all in all, a huge amount of activity and brain power wasted on something which in the near term has been well flagged, isn't that important. >> at the sa
saying you're special, but only special if you stay at the heart of the eu. they're under pressure to renegotiation the relationship with brussels. but the u.s. assistant secretary said such a plan would have major consequences. as chairman of the business in europe outlined on cnbc last night. >> we don't want to run the risk of trying to set the bar too high in the sense that there's some fantastic renegotiation we can have where we can cherry pick the bits we like, get rid of the bits we don't, because the chances of that happening are probably close to zero. so we don't want to see any risk in our membership. we want more reform by absolutely we do. we made that very clear in the letter. but we don't want to risk or membership because our membership is responsible for millions of jobs and underpins our future prosperity. >> so that debate is going to em. at the same time, david, you think the pound is going to come under pressure. it's a triple cocktail that's going to undermine it. what is that? >> yeah. that's the idea we had, we were talking last year about europe rate cuts,
that they then find a solution presented to brussels and basically present the rest of the eurozone or the eu with a -- do you think this criticism is justified? >> certainly this is a point of criticism that's made outside of germany and france but that's made inside germany and france. some politicians frmt call for widening of the partnerships such as poll left-hand looking towards the east or spain or italy. even more so in the french population. there's a call of widening this partnership. as i've said, france and germany often do have contradictory policy positions. so other countries can really find themselves within these positions, i think. so at the end of the day, it's not so much i think a question of content, but rather a question of style. so what germany and france need to make sure is that they do show leadership, as i've said, to their political and economic weight, but they do find the balance between leadership and dominance because surely dominance is not what either of the two countries or any country in europe would want. >> lead but don't -- >> back to you. >> thank you
Search Results 0 to 20 of about 21 (some duplicates have been removed)